Connect with us

News

Hyundai Confirms Talks With Apple To Build Its “Apple Car”, Records Highest Daily Profit In 33 Yrs

Published

on

Hyundai Confirms Talks With Apple To Build Its "Apple Car", Records Highest Daily Profit In 33 Yrs - autojosh

South Korean carmaker Hyundai Motor Co confirms talks with iPhone maker, Apple, to build its self-driving all-electric “Apple Car“.

Hyundai shares surged as much as 18%, the most intraday since 1988, after reports the automaker was in talks with Apple.

Hyundai Motor Co. shares surged as much as 18%, the most intraday since 1988, after reports said the South Korean automaker was in talks with Apple to develop its self-driving vehicles.





It comes amid last week’s reports that said US phonemaker Apple is planning to put production versions of its self-driving cars on the road by 2024.

Hyundai confirms talks with Apple to build its “Apple Car”

Now it seems the Hyunda-Apple partnership may soon be finalised after the autogiant confirmed in a statement to CNBC that Apple is in negotiation with it and other automakers.

“We understand that Apple is in discussion with a variety of global automakers, including Hyundai Motor. As the discussion is at its early stage, nothing has been decided.”

Apple’s self-driving car project, called “Project Titan”, designed its own car from scratch and aims to produce production vehicle by 2024.

“Project Titan” has experienced a couple of gains and losses since it launched in 2014. The phone maker sacked 190 staff working on the project in 2019.





Autojosh.com is an authoritative car blog in Nigeria. Its objective is to get Nigerians and a wider audience to be more informed about automobiles, the automotive sector, and transport infrastructure. Over the years, we have been instrumental in creating immeasurable public awareness about automobiles and their maintenance, safety, and traffic laws, amongst others. ...Your mobility, our priority. TA

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Please enable JavaScript to submit this form.

Trending